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Nautilus Minerals edges closer to world's first underwater mine; Some PNG companies struggling more than others; Cocoa production rising, but borer disease a constant threat.

PNG Business Update

March 16, 2016
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Latest news

Nautilus Minerals edges closer to world's first underwater mine

nautilusIt has been a long voyage, but Canada-listed copper-gold explorer Nautilus Minerals is on track to commence deep-sea mining operations at its Solwara 1 deposit in the Bismarck Sea, off Papua New Guinea. Business Advantage PNG talks exclusively to CEO Mike Johnston about the project. Read on...
 

Results show some PNG companies struggling more than others

Recently released results of some of Papua New Guinea's major companies indicate that the economic downturn in 2015 put significant pressure on earnings. However, while energy companies suffered most, PNG's finance sector proved resilient. Read on... 
 

Cocoa production rising, but borer disease a constant threat

cocoa Papua New Guinea's cocoa industry is recovering from the pest, but the cocoa pod borer (CPB) still presents a major challenge and is unlikely ever to be fully eradicated, Cocoa Board of PNG project manager John Moxon tells Business Advantage PNGRead on...
 

In brief

PNG forex pressure to ease by the end of April says BSP CEO, and other business news

inbriefOk Tedi cashflow and new loan to ease foreign exchange situation, feasibility study to look at water pipeline from Highlands to Queensland, and illegal fishing in Pacific costs US$660 million a year. Your weekly digest of the latest business news. Read on ...
 

Jobs

Programme Officer - EU: Pacific Islands Forum Secretariat

forumAn exciting opportunity exists for a Programme Officer EU to join the Pacific Islands Forum Secretariat. Read on...
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